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I sold a rental property back in 1999 and do not recall
I sold a rental property back in 1999 and do not recall filing an 8824 it was a like kind exchange we then bought another apartment and cold it again in 2014 … read more
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Second opinion] 15 years ago I purchased a rental using a
Second opinion] 15 years ago I purchased a rental using a 1031 process. I rented the property (seasonal vacation home) for 12-13 years. I followed the correct procedures, (accomodator etc.) For the pa… read more
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We (married couple filing jointly) are selling a house in California
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A business is in building houses. Should real-estate
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I sold a house 50 % Business Use & 50% personal use, ( two
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I executed a 1031 swap in 2014. I've filled out Form 8824.
I executed a 1031 swap in 2014. I've filled out Form 8824. How do I fill out line 2 of Form 4797? I sold one property, bought another. Do both go on line 2 of Form 4797? The sum of both? No complicati… read more
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Did a 1031 exchange in 2005 with a gain. sold the property
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I purchased a rental property, sold it at a profit and used ...
I purchased a rental property, sold it at a profit and used all monies in a 1031 exchange for another property. Now, 3 years later I sold this property and bought no other properties. I now am in the … read more
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I sold a rental home for 350,000 and my adjusted cost basis ...
I sold a rental home for 350,000 and my adjusted cost basis is 90000. Out of total gain of 260,000, I used 154,000 for 1031 exchange property. How do I enter all this information on 4797 form or any o… read more
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I have to report a 1031 exchange like-kind exchanges ...
I have to report a 1031 exchange like-kind exchanges form 8824 and I am havning problems completing the form. Bought property back in 1998 for $143,000, use it as rental property, sold it in 2004 for … read more
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I bought a house in CA in 7/05 at $460,000, bank loan was ...
I bought a house in CA in 7/05 at $460,000, bank loan was $400,000, down paymmet and cost of buy was $50,000. I spend additional $10,000 to upgrate. I sole this house in 9/05 at $570,000. After duduct… read more
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How do I get expert help completing form 8824 Like-Kind Exchanges
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How do you compute the basis of a property purchsaed as an ...
How do you compute the basis of a property purchsaed as an IRS 1031 replacement property. $450,000 purchase price, $275,000 of which came from the sale of the 1031 property.… read more
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